Cost of Living Comparison Between Akranes and Akureyri Cost of Living Comparison Between Akranes and Akureyri

😐 Solo nomad: Akranes is 62.9% more expensive than Akureyri without rent, and 21.3% more expensive with rent.

😐 Family of 3: Akranes is 58.3% more expensive than Akureyri without rent, and 56.8% more expensive with rent.

Meal at Budget Restaurant

$27.36 ISK 3,446

$23.74 ISK 2,990

15.25%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$131 ISK 16.5K

11.60%

Fast Food Meal (McDonalds, etc)

$22.31 ISK 2,811

$22.36 ISK 2,816

-0.22%

Cappuccino

$6.05 ISK 763

$4.82 ISK 607

25.52%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.15 ISK 397

$3.44 ISK 434

-8.43%

Water (0.33 liter bottle)

$2.41 ISK 304

$3.05 ISK 385

-20.98%

Local Beer (0.5 liter draught)

$10.34 ISK 1,303

$11.05 ISK 1,391

-6.43%

Imported Beer (0.33 liter bottle)

$7.80 ISK 983

$9.27 ISK 1,168

-15.86%

Milk (1 liter)

$1.90 ISK 239

$2.73 ISK 344

-30.40%

White Bread (500g)

$2.02 ISK 255

$2.23 ISK 281

-9.42%

Rice (white) (1kg)

$3.59 ISK 453

$3.06 ISK 386

17.32%

Eggs

$5.94 ISK 748

$8.24 ISK 1,038

-27.91%

Local Cheese (1kg)

$18.33 ISK 2,310

Chicken Fillets (1kg)

$24.13 ISK 3,039

$24.39 ISK 3,072

-1.07%

Beef Round Steak (1kg)

$42.32 ISK 5,331

Apples (1kg)

$3.22 ISK 406

Banana (1kg)

$2.41 ISK 303

Oranges (1kg)

$2.97 ISK 374

Tomato (1kg)

$4.77 ISK 601

Potato (1kg)

$3.70 ISK 466

Onion (1kg)

$2.41 ISK 304

Lettuce (1 head)

$3.15 ISK 397

Water (1.5 liter bottle)

$2.02 ISK 255

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,734

$13.34 ISK 1,680

3.22%

Wine (Bottle)

$23.90 ISK 3,011

Local Beer (0.5 liter bottle)

$2.78 ISK 351

Imported Beer (0.33 liter bottle)

$1.98 ISK 250

One-way Ticket (Public Transport)

$3.66 ISK 461

Public Transport Monthly Pass (Regular Price)

$71.3 ISK 8,978

Taxi Start (Normal Tariff)

$6.39 ISK 804

Taxi (Normal Tariff) (1km)

$1.04 ISK 131

Taxi 1hour Waiting (Normal Tariff)

$85.9 ISK 10.8K

Gasoline (1 liter)

$2.43 ISK 306

$2.45 ISK 309

-0.82%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$46.5K ISK 5.9M

$39.6K ISK 5.0M

17.32%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.2K ISK 6.6M

$63.2K ISK 8.0M

-17.36%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$87.1 ISK 11.0K

$120 ISK 15.1K

-27.45%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$26.95 ISK 3,394

$25.23 ISK 3,178

6.82%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.8K

$162 ISK 20.3K

-47.05%

Gym Membership (Monthly)

$82.8 ISK 10.4K

Cinema Ticket

$17.73 ISK 2,234

$15.34 ISK 1,932

15.58%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$322 ISK 40.6K

$355 ISK 44.7K

-9.23%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.8M

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

$81.7 ISK 10.3K

73.18%

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,670

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$122 ISK 15.4K

50.55%

Men's Leather Business Shoes

$264 ISK 33.3K

1-bedroom Apartment, City Center (Monthly)

$3,023 ISK 380.8K

$1,740 ISK 219.1K

73.77%

1-bedroom Apartment, Outside City Center (Monthly)

$1,884 ISK 237.3K

$1,753 ISK 220.8K

7.48%

3-bedroom Apartment, City Center (Monthly)

$4,833 ISK 608.8K

3-bedroom Apartment, Outside City Center (Monthly)

$3,648 ISK 459.6K

$2,121 ISK 267.1K

72.04%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

Average Monthly Net Salary (After Tax)

$5,462 ISK 688.1K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

9.4

2.45%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akranes: January 11, 2026

Last update for Akureyri: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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